Trump Media’s bitcoin holdings shrink as crypto losses hit $361 million
Trump Media's quarterly filing reveals a decline in its bitcoin holdings and a significant drop in the fair value of its Cronos token assets. The company also recently terminated a partnership aimed at building a large crypto treasury, citing shifting market conditions.
Why it matters
The financial performance of Trump Media's crypto assets highlights the volatility of corporate crypto-treasury strategies and the company's recent pivot away from certain digital asset ambitions.
The company held 9,477.16 bitcoin BTC $ 64,069.32 with a fair value of $557.1 million as of June 30, according to its quarterly filing Monday. That's down from 9,542.16 BTC at the end of March, translating to a 65 BTC decline in holdings through the quarter.
Trump Media's Crypto.com-linked cronos CRO $ 0.04771 holdings remained unchanged at roughly 756.1 million tokens, but their fair value fell to $40.6 million from $68 million at the end of 2025.
A significant chunk of the company's bitcoin was also tied up as collateral. Trump Media, which is majority owned by the Donald J. Trump Revocable Trust, had 4,260.73 BTC pledged against convertible notes and another 2,077.34 BTC pledged for its bitcoin options strategy as of June 30.
U.S. President Donald Trump owns a significant stake in the trust, which is controlled by Donald Trump, Jr., one of the president’s children.
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